Tag: NAFTA

Trump's pick for commerce secretary has a track record of saving American jobs. Whether he can bring many back to the Rust Belt remains to be seen.
A decade ago, cheap Chinese cloth was hammering American textile makers. Companies like Burlington Industries and Cone Mills, two big U.S. makers of...

Every aspect of this year’s US Presidential election has been fraught with myths, distortions, fabrications, wishful thinking and invented fears.
We will proceed to discuss facts and fictions.
Electoral Participation
The mass media, parties and candidates emphasized the ‘unprecedented voter turnout’ in the elections. In fact, 48% of the eligible voters abstained.
In other words,...

Routs in global bonds and emerging markets intensified, while the dollar climbed with base metals as investors positioned for the wave of fiscal stimulus that Donald Trump has pledged to unleash.
The yield on 30-year Treasuries rose to the highest since January, with last week’s record debt selloff bleeding into...

Some conservative Republicans disgusted by Donald Trump's offensive, scorched-earth campaign have long suspected their party’s nominee to be secretly in league with his erstwhile friends Bill and Hillary Clinton. They wonder whether Bill Clinton and Trump worked out an agreement — perhaps during the course of that “casual” phone...

As negotiations continue, WikiLeaks has published leaked chapters of the secret Trans-Pacific Partnership — a global trade deal between the United States and 11 other countries. The TPP would cover 40 percent of the global economy, but details have been concealed from the public. A recently disclosed "Investment Chapter"...

U.S. Senate Democrats delivered a major blow to President Barack Obama's trade agenda on Tuesday, blocking debate on a bill that would have smoothed the path for a Pacific trade pact.
The stunning outcome cast doubt on legislation key to the Obama administration's ability to complete the 12-nation Trans-Pacific Partnership,...

The Obama-proposed international-trade deals, if passed into law, will lead to “a dystopian future in which corporations and not democratically elected governments call the shots,” says Alfred De Zayas, the UN’s Special Rapporteur on Promotion of a Democratic and Equitable International Order.
These two mammoth trade-pacts, one (TTIP) for Atlantic...

Both the US Senate and House of Representatives have begun action on legislation to grant President Obama Trade Promotion Authority, also known as “fast-track” authority, which would enable the US government to finalize the Trans-Pacific Partnership, a trade agreement with 11 other countries in Asia and the Americas.
The Senate...

This article was first published in 2010. The author’s introductory quote was first formulated in 2001 in the context of the Summit of the Americas in Quebec City which was held a few months before 9/11.
“Everything the Foundation did could be regarded as “making the World safe for...